News

Kuflink opens new HQ

Mon 28 Nov 2016

Kuflink Bridging’s new head office in Gravesend has been officially opened by Treasury Minister Stephen Hammond and local MP Adam Holloway with over 60 guests in attendance. Kuflink Bridging which recently became fully regulated for bridging and buy-to-let business, has also set up its own peer-to-peer platform and the group will conduct all its business from […]


Vida partners with e.surv

Mon 28 Nov 2016

Vida Homeloans has partnered with residential chartered surveyor firm e.surv. e.surv will act as a lead valuer and panel manager for the new lender, which offers specialist residential and buy-to-let mortgages. Richard Sexton, director of e.surv, said: “Like e.surv, we consider Vida to be a real innovator within the highly competitive mortgage lending space, and […]


Commercial enquires surged in October

Mon 28 Nov 2016

Demand for commercial mortgages surged in October both month-on-month and year-on-year according to data from the National Association of Commercial Finance Brokers’ (NACFB) findSMEfinance platform. Enquiries more than doubled more than doubled (132%) from October 2015, while they increased by 75% from September 2016. There were applicants from a range of businesses such as restaurants, […]


Masthaven launches development finance offering

Mon 28 Nov 2016

Challenger bank Masthaven has launched its new development finance offering. The bank will lend up to 50% on purchases, up to 100% of build costs and up to 60% of the gross development value including rolled up interest. The products have no redemption fees or penalties – and the bank said they will be offered […]


new appointment

SimplyBiz and Paragon launch secured loans panel

Mon 28 Nov 2016

SimplyBiz Mortgages has partnered with Paragon Personal Finance to launch a secured loans panel. This partnership forms part of SimplyBiz Mortgages’ continued drive to offer an improved and larger range of services to its members. All SimplyBiz Group members will be able to submit directly to Paragon and not just via its master brokers. They […]


auction

Shawbrook turns round loan for auction in 7 days

Mon 28 Nov 2016

Shawbrook’s Commercial Mortgages department has completed a £127k residential investment loan for the purchase of a property at auction. Brokered by Investment & Business Mortgage Company the initial application came via “E-AIP”, Shawbrook’s online system for Residential and Commercial Investment applications. Colin Slaney, director at Investment & Business Mortgage Company LLP, said: “We have been […]


UTB looks to grow development finance team

Mon 28 Nov 2016

United Trust Bank is looking to grow its development finance team following an increase of enquiries. Earlier this year United Trust Bank appointed Steve Grant to develop its property finance business in the North of England. However, alongside increasing its presence in the North, the Bank has continued to see a steady increase in enquiries for […]


Letting agency fee ban not a big deal for expats – Skipton

Fri 25 Nov 2016

Skipton International thinks it will take more than a ban on letting agency tenant fees to put off expat buy-to-let investors. The bank said expats buy property as a long-term investment and therefore haven’t been perturbed by other measures against landlords, such as the 3% stamp duty surcharge introduced in April. Jim Coupe, managing director […]


New build starts up 10%

Fri 25 Nov 2016

Quarterly new build starts were up 10% in Q3 from the previous year according to the housebuilding statistics released by the government today. This increase comes after Chancellor Philip Hammond launched a £2.3bn Housing Infrastructure Fund for up to 100,000 homes in yesterday’s Autumn Statement. The number of completions also rose by 6% from Q2. […]


Bridging activity dips in Q3 2016

Fri 25 Nov 2016

Bridging lending by value fell by 17.4% in the third quarter of 2016 compared to the previous quarter and by 4% year-on-year, research from the Association of Short Term Lenders has found. However the value of lending in the year to September 2016 climbed by 15% year-on-year. Benson Hersch, chief executive of the ASTL, thinks […]